In July 2008, the value of assets under custody on behalf of customers registered a 1% rise at 10.8 trillion (compared to 10.6 trillion from July 2007). Securities held under custody in Clearstream’s international business experienced a rise of 6% from 4.8 to 5.2 trillion and domestic German securities held under custody decreased by 2% from 5.7X trillion to 5.6 trillion.
International settlement transactions declined to 2.44 million, 13% less than in July 2007 (2.82 million). Over the Counter bond transactions which rose by 25% from 0.99 million to 1.23 million in July 2008, retail driven international stock exchange transactions registered a decline due to current market conditions. Of all international transactions, 75% were Over the Counter (OTC) transactions and 25% were registered as stock exchange transactions.
On the German domestic market, settlement transactions reached 7.11 million, 9% less than in July 2007 (7.83 million), also a result of reduced retail activity. Of these transactions, 66% were stock exchange transactions and 34% OTC transactions.
For Global Securities Financing (GSF) services, the monthly average outstandings reached 388 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced a rise of 18% over July 2007 ( 329.6 billion).
In the Investment Funds services, 418,176 transactions were processed, a 23% decrease over July 2007 (541,631).